News Reports: Housing news updates and reports for Manufactured Home and Modular Housing Industry professionals and investors. Business – daily fact checks, market reports, and analysis.
In the news from CNNMoney: Americans buying gold at a rate unseen since financial crisis. Atlanta Braves fans can buy non-voting shares of team. Russia’s economy keeps shrinking. Zombie debt collection scams on the rise. Aston Kutcher launches tech lab to fight child exploitation. Trump gave Saturday Night Live its […]
MH-related Stocks all drop or Remain even–No Gainers Read More
Chicago Federal Reserve President Charles Evans, noting “the outlook for inflation remains too low,” said inflation does not currently have enough upward momentum to justify raising interest rates before some time next year. He added rate increases should be very gradual after the initial increase, as reuters informs MHProNews. Speaking
Chicago Fed Head Seeks to Put Brakes on Rate Hike Read More
Residents of Franklin County in northern Alabama may be eligible to each receive $25,000 for home repair or replacement, regardless of whether the damage was the direct result of the tornadoes that tore through the area in 2011. According to franklincountytimes, this is the second round of funding through the
$25k CDBG Funds to Replace Manufactured Homes in Alabama Read More
MHProNews has learned from insidertradingreport that the president of Fleetwood Homes division of Cavco Industries, Inc. (CVCO), Charles E. Lott, sold 1,516 shares of Cavco stock on Nov 6, 2015, as reported to the Securities and Exchange Commission. The shares were sold at $95.25 for a total value of $144,399.00.
Insider Trading at Cavco following Stock Spike Read More
The former president and CEO of Ginnie Mae, Joseph Murin, said the Obama administration is not looking to recapitalize GSEs Fannie Mae and Freddie Mac, preferring to leave them as a conservatorship from which funds can be extracted as needed. Also, he does not believe reform of the government-sponsored enterprises
Former Head of Ginnie Mae does not Envision GSE Reform Soon Read More
In the news from CNNMoney: Disney pushing to bring NFL back to LA. Berkeley opts for $15 minimum wage, instead of $19. CEO Patrick Byrne of Overstock calls economy “Yellen’s Magic Money Machine.” Fox draws 13.5 million viewers, just short of CNBC’s 14 million. Joe’s Crab Shack is now no
MH-Related Stocks Mostly Quiet, but Skyline Gains 3.57% Read More
Blue Ridge Log Cabins of Campobello, South Carolina has received two national home building awards during the Building Systems Council’s (BSC) Showcase, which is the only national conference and educational event focused exclusively on the systems-built industry. As prnewswire informs MHProNews, Blue Ridge was honored as part of the 2016
Upscale Log Cabin Builder Honored at Building Systems Showcase Read More
In data reported by Calculated Risk Blog, the National Association of Home Builders (NAHB) tells MHProNews the price of framing lumber has declined since 2013 when lumber prices approached housing bubble highs because of higher demand and supply constraints. In the first quarter of 2014, prices did not rise as
Framing Lumber Prices have Fallen Read More
One of the presenters at the Victorian Manufacturing Industry Showcase at Dandenong in Australia was modular home builder Prebuilt, as MHProNews understands. Established in 2003 in the Melbourne suburb of Kilsyth, Managing Director Rob Colquhoun said the company has moved away from conventional kit homes and is developing efficiencies that
Modular Building Gaining Momentum in Australia Read More
The operators of a 113- year-old community-based organic farm in East Austin, Texas, have had their fears of losing the farm to a luxury manufactured home (MH) development allayed, according to what mystatesman tells MHProNews. The Green Gate Farms occupies a portion of 250 acres purchased by Roberts Resorts of
Organic Farm may share Space with Luxury Manufactured Homes Read More
MHProNews has been informed that a collaboration beginning in Dec. 2015 between Champion Home Builders, Inc. and MHVillage will provide the opportunity for visitors to MHVillage to connect with Champion retailers across the country for availability of different models. Additionally, through its extensive network of manufactured home communities (MHC), MHVillage
Champion Homes and MHVillage Link up to Market Homes Read More
Jamie Schnur, Chief Administrative Officer for Drew Industries, Inc. (NYSE:DW) sold 2,115 shares of company stock on Nov. 5, 2015 for $60.52 per share for a net of $127,999.80, according to insidertradingeport. The transaction was disclosed to the Securities and Exchange Commission on Nov. 9. At present, company insiders own
Insider Trading at Drew, as Revenues Increase 17% Read More
In the news from CNNMoney: Crayola launches its first coloring book…for adults. VW owners demand the company buy back their cars. Minimum wage workers on strike for $15/hr. Low oil prices could lead to energy shortages in the future as many producers stop drilling. China will hold global economy back
Deer Valley Spikes 20% plus, while Nobility plunges -10.51% Read More
The Mortgage Bankers Association (MBA) tells MHProNews loan originations for multifamily and commercial properties rose in Q3 2015, increasing 12 percent over the third quarter of 2014, and three percent on a quarterly basis. Retail property loans posted the highest percent rise over last year, +39 percent, while multifamily property
Multifamily Originations Rise in Third Quarter Read More
Maryville, Tennessee-based Clayton Homes has reported a net income increase of 31.1 percent for Q3 2015, to $189 million, according to a regulatory filing, says nationalmortgagenews. A subsidiary of Berkshire Hathaway, revenue rose due to an eight percent increase this year in home unit sales. Additionally, profit grew because of
Clayton Reports Income Increase for Q3 Read More
Builder confidence in the single-family 55+ housing market rose for the sixth quarter in a row, according to what the National Association of Homebuilders (NAHB) tells MHProNews, as the 55% + Housing Market Index edged up three points to 60. Any number above 50 indicates confidence is good. As consumeraffairsreports,
Housing Market Confidence Index for 55+ Homes Rises Read More
MHProNews has learned from dakotafinancialnews that Zacks has upgraded Dynex Capital (NYSE:DX) from a hold rating to a buy rating, with a $7.50 target price on the stock. One of the company’s current production operations is the origination of loans secured by manufactured homes (MH). Dynex also originates mortgage loans
Manufactured Home Loan Securitizer Beats Zacks EPS Read More
In the news from CNNMoney: More than half of U. S. retailers plans to hire seasonal workers, up from 43 percent last year. ‘Too Big to Fail’ banks need $1.2 trillion as cushion against the next possible meltdown. More part-timers are finding full-time work. The economy has added 8.7 million
Only one Tracked Stock Gained in Today’s Trading Read More
The Yucaipa (California) City Council, after visiting several deteriorating manufactured home communities, is considering passing an ordinance to make it easier for community owners to convert their property to a different use. If the community owner wants to develop their property, the ordinance would give pre-approval zoning and a “mobile
City Council Seeking MHC Closure Ordinance Read More
MHProNews has learned from nkytribune a Jefferson County, Kentucky judge has refused to dismiss a lawsuit brought by a former resident of a manufactured home community (MHC) against the community owner, Erlanger, KY-based SSK Communities. Virginia Chappell, who lived in Autumn Lake Pointe MHC (MHC) in southwest Jefferson County, KY,
Kentucky Judge Refuses to Dismiss Lawsuit against Land Lease Community Owner Read More
